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Odisha approves ₹464.72 crore investment plans

PTI Bhubaneswar | Updated on November 18, 2020 Published on November 18, 2020

AK Tripathy, Chief Secretary, Odisha

The Odisha government has accorded in-principle approval for four investment proposals worth ₹464.72 crore, an official said.

The implementation of the investment proposals will generate employment for more than 873 persons. The proposals got the government’s nod at the Single Window Clearance Authority (SLSWCA) meeting held under the Chairmanship of Chief Secretary AK Tripathy on Tuesday.

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The proposal of Galax Industries Private Limited to set up a Medium Density Fibreboard (MDF) manufacturing facility with an annual capacity of 72,000 cubic meters at an investment of ₹93 crore got the SLSWCA nod.

The company will set up its unit at Malipada in Khurda district which will generate employment opportunities for more than 310 persons, said Industries secretary Hemant Sharma.

A 120 KLPD grain-based distillery unit for manufacturing of Extra-Neutral Alcohol (ENA)/ Ethanol and 4 MW cogeneration power plant to be set up in Khurda and Nayagarh by Globus with an investment of ₹151.72 crore got the SLSWCA nod. It will provide employment for over 300 persons, Sharma said.

The government also gave its nod to the proposal for setting up a Pellet Plant of 1.6 MTPA capacity at Lathikata in Sundergarh by Envirocare Infrasolution Pvt Ltd with an investment of ₹100 crore and employment potential for over 195 persons.

A 4 MTPA Slurry Pipeline project from its proposed Beneficiation Plant at Koira to Pellet plant at Lathikata of Sundergarh district to be laid by Envirocare Infrasolution Private Limited with an investment of ₹100 crore and employment opportunity for more than 68 persons, he said.

Tripathy in a statement said that the State could attract investment of around ₹1.19 lakh crore envisaging employment for over 54,131 people during the Covid-19 pandemic period. The investment proposals were approved by the State since February this year, he said, adding that this has been possible because of an enabling policy and ‘ease of doing business’.

Also read: Odisha govt to repromulgate ordinance on agri-marketing to attract private investors

While complimenting efforts of various stakeholders, the chief secretary directed the Industries department to do a realistic assessment of the land and water that the industries actually need. He also directed to explore possibilities of advanced technical intervention for harvesting large quantities of rainwater and its recycled use.

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Published on November 18, 2020
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